Doha launches new US$ 1.3 bn Paris inspired mixed use project near World Cup 2022 venue

Posted on 10th July 2014

A luxury mixed use development,  Place Vendome will be built across 800,000 square meters of beachfront land at Lusail City, Qatar's new hub about 11 kilometres north of the Doha city centre and the location of the stadium that is planned to host the opening and closing ceremonies when Qatar hosts the FIFA World Cup in 2022.

lusailbeachfront

At a cost of QAR 5 billion (US$ 1.37 billion), it will include two five-star hotels, serviced apartments, entertainment and up to 400 retail outlets, including an exclusive zone dedicated to “the most elite brands”, the company behind the project, United Developers, a consortium of Qatari investors from the retail, real estate, construction and contracting industries, said.

Plans include a canal running through the development to the sea. Place Vendome is inspired by the Parisian district of the same name and will be similar to Paris' high-end shopping street Rue de la Paix, the company said.

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